Category Archives: Solana News

FTX-backed Startup Forced into ‘Cockroach Mode’ after Funds Vanish within 6 Weeks Armani Ferrante, the former Alameda Research engineer and founder of Coral, had just raised $20 million from FTX and others when the exchange started imploding. Ferrante and his co-founder were on a flight from Lisbon when they were trying desperately to figure out[Read more…]

Revolutionizing Decentralized Wireless Networks: Helium’s Migration to Solana Blockchain Helium has successfully migrated to Solana blockchain after over a year of planning and development, ushering in a new era of reliability and scalability for decentralized wireless networks. This upgrade establishes a new era of scalability, expansion, and reliability for the world’s largest decentralized wireless network.[Read more…]

Solana: A Promising Crypto on the Rise It’s been an exciting time in the cryptocurrency market, with Bitcoin (BTC) continuing its upward trend. The general trend has helped SOL too, with Solana’s bulls urging the crypto on. The altcoin found some support around the $20-level last week, with the bulls briefly pushing it above the[Read more…]

Helium Successfully Completes Migration to Solana Network Helium, one of the original projects of the blockchain industry, has announced that it has successfully completed its transition to the Solana network as of today. Crypto-based wireless network project Helium has completely separated from its layer-1 network after a long process. In a statement today, officials emphasized[Read more…]

New York Regulator Disagrees with SEC’s Crypto Link to Signature Bank’s Collapse The recent collapse of Signature Bank in March has raised concerns over the relationship between cryptocurrencies and banking institutions. While SEC Chair Gary Gensler’s remarks on the matter have garnered criticism, the New York State Department of Financial Services (NYDFS) has stepped in[Read more…]

Solana [SOL] Listed on Grayscale Investment’s OTC Markets On 17 April, Grayscale Investment, the American digital currency management company, announced that Solana [SOL] had become the 16th digital asset to be listed on Over-The-Counter (OTC) markets. The Solana Trust will now be trading under the symbol GSOL, which could potentially increase the adoption of SOL[Read more…]

MarginFi Launches AI Chatbot “Omni” for Crypto Integration and Real-Time Data MarginFi, a decentralized finance (DeFi) lending protocol, has introduced a new chatbot called Omni. Developed to respond to crypto-related prompts, the ChatGPT-like chatbot aims to provide users with a one-stop-shop for Web3 knowledge, according to the company’s Medium announcement. What is Omni? Omni is[Read more…]

Introduction The European Union (EU) has been working on developing a regulatory framework for the crypto market to provide legal certainty and ensure transparency and stability in the market. The Market in Crypto Assets (MiCA) regulation is one of the critical developments towards establishing a comprehensive regulatory framework for the crypto market in the EU.[Read more…]

Solana Outlines Improvements to Prevent Further Outages After a thorough investigation, Solana Foundation has finally released a report that reveals the root cause of the Mainnet Beta Outage that occurred on February 25, 2023. According to the report, congestion within the primary block-propagation protocol “Turbine” was the main reason behind long block finalization times and[Read more…]

are closely watching these developments as they could impact the entire crypto market. It is crucial for investors to stay updated on regulatory compliance and legal proceedings in the crypto space to make informed investment decisions. The U.S. SEC’s Recent Failures in Crypto Lawsuits: What Investors Need to Know The U.S. Securities and Exchange Commission[Read more…]